Petrofac (OTCMKTS:POFCY) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other research firms have also issued reports on POFCY. Royal Bank Of Canada raised Petrofac from an “underperform” rating to a “sector perform” rating in a report on Friday, September 15th. Zacks Investment Research raised Petrofac from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th.

Petrofac (POFCY) traded up $0.08 during midday trading on Friday, hitting $2.89. The company had a trading volume of 7,413 shares, compared to its average volume of 29,268. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 1.28. Petrofac has a 52-week low of $2.20 and a 52-week high of $5.93.

TRADEMARK VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at

Petrofac Company Profile

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.

Receive News & Stock Ratings for Petrofac Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac Ltd. and related stocks with our FREE daily email newsletter.